GSE Low Down Payment Mortgage Program Adjusts Area Median Income

Area median incomes (AMIs) for Fannie Mae and Freddie Mac’s low down-payment mortgage programs have changed recently, and that’s a good thing, according to United Wholesale Mortgage President and CEO Mat Ishbia. Fannie’s HomeReady and Freddie’s Home Possible offer low down payment mortgages for low- to moderate-income borrowers. AMIs establish income eligibility standards for those […]